According to whitepaper, Interbit is a private blockchain development platform designed for business innovators and developers to quickly and easily incorporate the best of blockchain capabilities into enterprise applications. It also includes a suite of APIs and smart contracts that allow enterprise application developers to rapidly, confidently, and efficiently create enterprise-grade applications.
We are delighted to have completed this funding round, where we saw significantly increased investor demand given the recent progress and exciting news from the Company. The capital will be used to rapidly expedite our go to market strategy for our third generation blockchain platform, InterbitTM.
BTL has operations in both Canada and the UK and it is listed on Canada's TSX Venture Exchange. The main focus has been on remittances, which BTL has partnered with Visa's digital innovation teams on. The company has also been adopting its blockchain to the energy and gaming sectors.